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Iran army demonstrates its military might as Gaza, Red Sea conflicts grow

The Islamic Republic has consistently denied all allegations of involvement in the attacks on commercial shippers, which have escalated since the conflict in Gaza began October 7

Iran's foreign minister dismisses US claims of them backing Houthi rebels

The White House, citing newly released intelligence, said Friday that Iran was "deeply involved" in the planning of the Houthi attacks and has supplied weapons, financial support and training

OpenAI in talks to raise new funding at valuation of $100 billion or more

Investors potentially involved in the fundraising round have been included in preliminary discussions, according to the people, who asked not to be identified to discuss private matters

LA's third-tallest tower Aon Center sells for 45% below 2014 price

The sale is the largest office deal this year in downtown Los Angeles, which has been among the hardest-hit US office markets since the pandemic as remote work becomes more popular

Robert Solow, Nobelist who tied technology to economic growth, dies at 99

Solow's students over his many years at MIT included Mario Draghi, who would go on to lead the European Central Bank and serve as Italy's prime minister

US aims tougher sanctions at banks in new bid to hurt Putin: Report

Under Friday's action, some of those banks could face penalties for maintaining those relationships if the trade continues

Tesla buys land for Shanghai battery factory, to make 10K units anually

The Shanghai location is Tesla's second dedicated Megapack factory, following the Lathrop plant in California. Its EV facility in Nevada can also make the Megapack

Tencent leads $80 billion rout as China gaming curbs revive crackdown fears

The top gaming regulator on Friday published draft rules broadly designed to clamp down on practices that encourage players to spend more money and time online

Adani Green Energy plans to raise $2 billion through debt next year

Ahmedabad-based Adani Green Energy Ltd. is exploring various instruments including private placement of debt, offshore bank loans as well as dollar and rupee bonds

Dollar's share in global central bank reserves declines, IMF data shows

The shares of the Chinese yuan, the British pound, the Australian and Canadian dollars and the Swiss franc were little changed

Govt plans to expand coal power fleet to meet soaring demand: Report

Coal is likely to account for the lion's share of this expansion, as gas-fired electricity generation is currently unviable due to the high costs of the fuel

China turns up heat on trade with rare earth tech export restrictions

The US is spearheading a drive to reduce China's stranglehold over flows of these minerals, from rare earths to lithium and cobalt.

India could soon be left without an organized political opposition

Just this week, more than 140 opposition lawmakers - two-thirds of the opposition's entire contingent - were suspended

MUFG looking to expand India operations amid economic slowdown in China

Japan's largest lender has been building up its operations in India in recent years. In August last year, it opened a branch in the Gujarat International Finance Tec-City

Rudolph Giuliani files for bankruptcy following $148 mn defamation loss

Chapter 11 protection will give Giuliani time to pursue an appeal of the Georgia lawsuit while providing transparency and fairness for creditors, the lawyers said

Blackstone to buy major stake in Sony Payment Services for $280 mn

Blackstone Inc. will take a majority stake in a payment service provider under Sony Group Corp. for about $280 million, a person familiar with the matter said

US considering hiking tariffs on China EVs, solar products: Report

US is considering raising tariffs on Chinese electric cars and other goods as it tries to limit reliance on Asia's biggest economy and shield its own green industry, the Wall Street Journal reported

EU, UK approve 3-year postponement of tariffs on electric vehicles

The European Union and the UK approved a three-year postponement of tariffs on electric vehicles, giving carmakers more time to make necessary changes to comply with local content requirements

US to gather intelligence on Chinese chipmakers as Biden mulls tariffs

In January, agency's Bureau of Industry and Security will survey more than 100 cos in autos, aerospace, defense and other to understand how they procure, use legacy chips, according to official

X suffers biggest outage since Musk's takeover as over 94k users report it

More than 94,000 users of X had reported issues with the site at 1:41 p.m. Hong Kong time on Thursday, according to Downdetector, which tracks website and service interruptions